Foreign investors have increased their exposure to certain precious metal shares over the past year, according to an analysis of SA equities by Bank of America Merrill Lynch Global Research.
In the resources category, foreign investors have bought up shares of four precious metal mining companies — Impala Platinum , Anglo Platinum , AngloGold and Gold Fields . They would be as keen to buy into Amplats, given it is the world’s most profitable platinum producer with the majority of earnings coming from its Mogalakwena open-pit platinum mine in Limpopo, Major said.
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